Many businesses boast about their low prices, or their efforts to make their services as affordable as possible. In some situations, though, companies have little choice but to raise rates. This may be necessary to keep up with inflation, to account for higher labor or supply costs, or simply to keep pace with the industry.
Naturally, announcing that your prices are increasing can be dicey, potentially angering customers and even costing you business. While these unwelcome outcomes cannot always be avoided, there are certainly some steps that businesses can take to make their pricing announcement easier to swallow.
1) Be direct.First and
How to Announce a Price Increase to Customers
Customers don’t like price increases, but if you get the messaging right, you can usually avoid pushback and still retain their business
Jan 26, 2022
| by Amanda Clark |
